CreatorFirst

Nothing will happen for a longtime, then everything will happen all at once @abaxx_tech @abaxx_exchange #29ers

[CreatorFirst @Creatorfirst81]

Imagine building the answer before the regulator even wrote the question.

$ABXX did exactly that. 🔥

Today at #FIABoca, the new CFTC Chairman laid out the future of American commodity markets—and it reads like an Abaxx product roadmap:

✅ T+0 collateral mobilization
✅ Critical minerals price discovery
✅ On-delivery physically settled contracts
✅ Western-built commodity infrastructure = national security
✅ FCM access reform to unlock new participants

This isn't speculation. Today, it became national policy.

Built in Singapore.
Blessed in Boca. 🇺🇸🇸🇬

The market still hasn’t fully connected the dots.
But smart money is watching. 👀

$ABXXF #ABXX #FIABoca #CriticalMinerals #Commodities #SmarterMarkets #29ers

@CFTC @abaxx_exchange @JoshCrumb @JoeRaia5 @JuanZenZiros

Who else sees the alignment? Drop a 🔥 if you're long the vision.

https://t.co/hPu4jvs94Z

[CreatorFirst @Creatorfirst81]

@FrontierAT4 @JoshCrumb @thewatsonview or ever

[Andrew Chow ❤️🇨🇦🇺🇦❤️ 🇺🇸 @andrewjustbegin]

@hoglandsko

[James Duade @James_Duade]

It’s ironic these attacks are happening now right as the exchange is hitting escape velocity on the volume and OI S-curve, not to mention the Tech initiatives so close to commercialization.

Watching what you and the Tech/Exchange teams have been able to build and achieve over the past 7 years has been absolutely amazing—MAS licenses for RMO/ACH, building and launching Abaxx Exchange and Clearinghouse, launching over 15 contracts in various verticals, onboarding multiple global FCMs and a plethora of trading firms around the world, building liquidity to over 15k ADV, and OI to nearly 2k ADV (and a carbon credit spinco in their for good measure!).

The incredible thing though is that the master plan where Tech could become the go to source for digital asset tokenization in finance and commodities hasn’t even been valued yet.

I can’t wait to see the market finally appreciate that Abaxx in many ways built a regulated commodity futures exchange & clearinghouse in order to maximize the potential use cases for 🆔 ++ via MarketOS, SPOT, Abaxx Sign/Abaxx Drive & Abaxx Messenger.

Long story short, any investor who has traveled the dune buggy path with Abaxx has rode the volatility of stock price, and seen the amazing things the Abaxx team can accomplish. No hit job short report will ever persuade us otherwise. Keep building Abaxx Team!

[655321 @PKsNYC]

The other observation I have is that FMX and Abaxx come from opposite ends of futures market development, apart from the fundamental differences between financially-settled financial futures vs physically-settled commodity futures marktes.

FMX is sponsored by US bank FCMs to compete in rates against CME and others. As shareholders, these banks are committed to providing client flows from day one. Hence, early volume quality is better and continues to improve. This represents a partial return to the original “mutualized” exchange model, where banks and brokers set up, operate, and gatekeep the exchange while pocketing the fees (and resulting EPS) from the markets they make.

Abaxx’s shareholders and sponsors include:
- Producers/miners: Friedland/Ivanhoe (copper, etc.), Lundin, and Tom Ward/TWL (co-founder of Chesapeake);
- Commodity traders: the founder of a legendary commodity trading house (widely believed to be Mercuria);
- Market infrastructure companies: CBOE (which exited under new management/strategy), Fidelity (via the Johnson family office), and a “world-leading US global market infrastructure company” (that took a 5% stake in a private placement about a year ago).

Notably, there are no FCMs among the shareholders. Abaxx’s model is a direct threat to both FCMs and incumbent exchanges. FCMs are being dragged into onboarding only by customer pressure from commodity traders, miners, and others.

Why? Because the miners, traders, and infrastructure players want things that FCMs and CME/ICE currently can’t or won’t deliver:

- Graded commodities: @robert_ivanhoe wants a “green copper” price (at a discount) for the lower-CO₂ output from his mines in the Congo compared with Codelco and others. Abaxx already lists carbon credit futures and will list a copper contract once the technology is ready. Despite plenty of talk about green copper pricing, no one has delivered it yet. Abaxx is building the market infrastructure to make it possible, unlike CME, LME, or SHFE.
- End-to-end commodity ESG tracking with a digital title to lower collateral costs for producers and physical traders, as well as ExIm financing costs. This is the goal of the Digital Title Pilot with MineHub.
- Lower funding costs: The energy trading complex and commodity traders want a single market where they can post instant collateral against global energy exposures, avoiding episodes like the US$8 billion margin call Mercuria faced on its LNG positions (OTC, TTF, JKM, etc.) when Russia invaded Ukraine. Abaxx is starting with LNG and related wind/solar contracts and is expected to deploy T+0 US$ MMF collateral by year-end.
- Relevance in a tokenized world: The market infrastructure company that took the 5% stake is, in my opinion (with no public hints as to its identity), a global custodian seeking to stay relevant when shares, bonds, MMFs, and commodities become tokenized and sit on someone else’s ledger. MarketOS gives it a way to deploy the technology and remain in business.
- Fidelity’s perspective: Fidelity has been an early adopter of BTC and DeFi technology. Like many serious observers, it recognizes that the “blockchain-first” approach has run into real-world problems: identity, bankruptcy remoteness, legal finality, liquidity fragmentation, privacy, and more. Abaxx’s MarketOS (ID++, FDT, etc.) offers a viable path to tokenized 24/7 trading on TradFi rails. That’s worth getting a foot in the door in case this technology is ultimately adopted by TradFi at scale.

All of this means FCM collateral funding businesses will suffer, and trade finance desks at banks will see margins contract or volumes decline.

How? Producers will be able to post tokenized (MarketOS Full Digital Title) inventories or in-transit cargoes as collateral (1) directly to the exchange, up to contract delivery or (2) to trade finance providers connected to MineHub’s platform. MineHub has announced end-to-end tracking from mine to ship to final processor, complete with ESG data. The next step is tokenizing the shipment via MarketOS’ FDT and running a pilot with a trade finance shop to prove the lower operational and credit risks. MineHub has indicated it is adding a new commodity to its platform that will be tracked all the way to Abaxx futures contract delivery, LNG, we presume!

Banks and FCMs are being dragged in, kicking and screaming to onboarding.

This is why the following developments are so important:
- A global FCM servicing the global energy trading complex (JPM is our guess) is in the process of onboarding, per Abaxx’s 1Q26 call.
- A US bank FCM is conducting due diligence to license MarketOS (likely the same one) to offer clients (e.g., Mercuria) T+0 USD/Gold collateral against Abaxx contracts, per the 1Q26 call. More details are expected in the 2Q26 call in August.
- Three or four additional bank FCMs are onboarding. Last night Abaxx disclosed that the FCM onboarding pipeline now stands at 13 institutions, up from 10 at the 1Q26 call.
- Three Chinese FCMs (precious metal traders, more calendar spreads 😂) are among those 13.
- We should see Chinese and US FCMs come onboard in 3Q (per @JoshCrumb’s recent post).
- Mizuho, the only bank/FCM backer of Abaxx, could onboard by early 4Q (it is a clearing firm but not yet a Clearing Member). Mizuho has the largest LNG infrastructure lending book and a clear need for a liquid LNG market to hedge balance sheet risks.

And yes, Abaxx shareholders (#29ers in the private and public groups) noticed the prevalence of calendar spreads as soon as Gold volumes picked up. They have debated possible counterparties, discussed the role of incentives, tracked the quarterly disclosures, and even asked the company questions about it. I understand this is still new information to most Abaxx shareholders.

The bottom line is that the current state of the trading at Abaxx only reflects the pace of FCM onboarding, which is set to accelerate in the near term. This is why the stock previously traded nearly 100% higher than current levels. Short sellers are currently gifting us an entry point.

I personally welcome @UpslopeCapital’s bona fide research into the company and appreciate the even-handed, clear-headed tone of the analysis. This stands in sharp contrast to the frankly mediocre arguments, outright lies and distortions in @viceroyresearch's ongoing smash-and-grab campaign.

#29ers $ABXX.TO
** NOT investment advice, to your on DD.

[STUART TURLEY - Energy Podcast Host @STUARTTURLEY16]

The Future of Commodities, LNG, and Trading - Joe Raia, Chief Commercial Officer, Abaxx Exchange https://t.co/7nbysXPL30

This was a fun discussion about the future of Energy Security, LNG, and the importance of getting delivery on LNG, gold, and silver. @JoeRaia5 hit it out of the park.

[STUART TURLEY - Energy Podcast Host @STUARTTURLEY16]

2 🧵Here is a teaser for the podcast with @JoeRaia5. The world is changing, and @abaxx_exchange is leading the way.

[Watson @thewatsonview]

Looks like @PKsNYC has a friend with a terminal who confirmed that Bloomberg is onboarding $ABXX.TO!!

Screenshot from WhatsApp but text copy and pasted from terminal.

Abaxx will soon have their data on all of the major financial platforms.

[Tour Swings Tommy @TourSwingsTommy]

Your 10-handicap coworker who told you he shot a 72 gave himself every one of these.

[Plebeian Capital Group @PlebeianCapLLC]

I am big long $ABXX.TO

Today I am muting everybody associated with that firm or anyone who expands its reach by quote tweet, retweet or replies.

The algorithm is elevating high engagement posts. The issues presented have all been addressed and thoroughly refuted. There is nothing else to say and I will not feed the algorithm.

Back to building the markets of the future.

[Markymark @Prudlex]

$ABXX - these guys are the highest integrity people. Total confidence.

[Russell Robertson Abaxx CBDO @ru55rob]

I encourage all to come and listen and make up your own mind.

Anyone who is working with us/me will know we are here to build something new that truly reflects inefficiencies in the commodities markets. Every product we list has a narrative of supply/demand fundamentals, the back2back chain and how does ALL commodity impacted businesses manage basis risk in an ever internationalised system. This is not just about “trading” this is about industrial flow.

Yes we are building, yes we are investing, yes we are tweaking and yes we are working with the community.

We are going to continue for the greater good and having a thriving long lasting business along the way.

@abaxx_exchange @abaxx_tech @abaxx_spot @JoshCrumb

[Josh Crumb 🆔++ @JoshCrumb]

Yes, but this was a mafia style hit job. Going after our families. Going after good people’s livelihoods. Six years of keeping the lights on pre-revenue while everyone betting we’d fail in building something the world needs. It’s not just “business” to me, an “efficient market”.

Imagine being such a dirt bag professional lair, manipulating financial disclosures and sending them around the world to Abaxx ecosystem partners to harm the reputations of people like Joe and Dan, Thom, people dedicated to building the markets we all depend on.

For what? Some numbers on the screen going up? Greed? Jealousy? More bottle service excess?

We have amazing people turning out world class professional work every day, PR and the work done with MAS the last five days for example. ..Not me, I’m out here taking things personally.

[CreatorFirst @Creatorfirst81]

@AlderLaneEggs @JoshCrumb @scotty24287 @viceroyresearch Maybe ask your buddy about Anson Funds in Toronto as a starting place

[CreatorFirst @Creatorfirst81]

@AlderLaneEggs @JoshCrumb @scotty24287 @viceroyresearch You didn’t do the work on this one Marc and you know it. Josh and Abaxx are the good guys.

This isn’t Eby, Christy Clark or Home Cap.

[Josh Crumb 🆔++ @JoshCrumb]

Correct. @AlderLaneEggs, so you know, this is not a friendly debate, I believe they are in the middle of an ongoing financial crime (and similarly, his report is not that we’re “overvalued”, but a total fraud going to “zero”).

Only side is right. We need some skin in the game.

These are the stakes. He needs to admit up front what full economic interest and HF collaboration he has on.

Have him send a sworn affidavit to you and @KeithMcCullough, CC’ed to the OSC, that he has no undisclosed HF economic arrangements for the “hit squad” report.

We just sent our MAS materials and we all get ankle bracelets (or worse in Singapore) if I’m lying. I need his skin in the game as well. Full stop.

[Markymark @Prudlex]

@JoshCrumb @AlderLaneEggs @viceroyresearch @HedgeyeTV @AIMhonesty Don’t do it. Build the business. There is only downside.

[Stuart A. Brown @StuOnGold]

@JosephTMetcalf As a stockholder of both $ABXXF & $AYA I can testify to the eventual positive outcome of the "short attack" $AYA endured. One week of panic selling does not not make a trend. HOLDING period . . . .

[Eric Patterson @EPatGolf]

Thursday at Shinnecock looks outrageous

[Bandon Dunes @BandonDunesGolf]

Tomorrow, the sun rises on the Bandon Solstice.

140 participants. 72 holes. Four courses. One very long day of golf.

Follow along tomorrow for all things Bandon Solstice!

[Shackleton @endurancetest]

@viceroyresearch is likely being paid a retainer to help whoever built up this short position on $ABXX get out.

1.5M shares short on a company the averaged 40-60k adv on NEO (30+ days to cover). Despite their constant short pressure Abaxx hit an ATH in May. There was absolutely no way they could cover without taking significant damage.

So what do they do? Hire @AIMhonesty and @Gabe_Bernarde to help manufacture their exit. 45 page short report released 30 minutes before market open on 6/11 was the smash and grab text book play.